Binance whales have been chasing DOGE, CAKE and ADA in a final push towards the new year. Whales are also busy collecting an altcoin from outside the top 100.
Biggest Binance whales collect DOGE and these altcoins
In a recent tweet, whale watching bot WhaleStats revealed the top cryptocurrencies whales buy on Binance. According to the data, the top 500 whales in the BSC network are accumulating Dogecoin (DOGE) fast towards the new year. Dogecoin is followed by Cardano (ADA), which is ranked ninth by market cap. Meanwhile, it’s worth noting that the meme coin has outpaced Cardano in terms of market cap. After the rally that started with Elon Musk’s acquisition of Twitter, Dogecoin remained stable in the 10 range.
Current on-chain data shows that whales’ interest has increased in the wake of Dogecoin’s recent price movements. Currently, 500 large BSC whales hold DOGE worth $9.8 million. That’s roughly 1.25% of the $97 million whale portfolio.
https://twitter.com/WhaleStatsBSC/status/1598459570388705281
Meanwhile, among the coins that whales bought is ThunderCore (TT) outside the top 100. According to data provided by WhaleStats, the coins purchased by the top 500 whales in the BSC network are as follows:
- Dogecoin (DOGE)
- Bitgert (BRISE)
- Pancakes (CAKE)
- ThunderCore (TT)
- Cardano (ADA)
- Venus BUSD (vBUSD)
Dogecoin was the greenest coin of the week
The leading meme coin has recorded the highest performance, gaining over 10% since last week. It still holds over 20% of its earnings since December 1st. It has since returned some of its profits, with ups and downs. Dogecoin’s upward momentum to December is based on Twitter news at the end of October. The possibility of Dogecoin’s integration on the platform after the acquisition of Elon Musk was effective in finding new buyers. DOGE also continues to stay on the stage with the news that Musk will produce a smartphone, which has emerged recently.
Elon Musk says he can produce a new phone
On November 26, the Tesla CEO responded to a tweet from podcast host Liz Wheeler, who worried that Twitter could be banned from entering stores where the two manufacturers of smartphone operating systems sell Android and iOS-based apps. She suggested that if the tech billionaire had to, she could start a new smartphone initiative against Apple.
If Apple & Google boot Twitter from their app stores, @elonmusk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy, right?
— Liz Wheeler (@Liz_Wheeler) November 25, 2022
Dogecoin price’s reaction to this news was over 15%. As you follow on Kriptokoin.com, Musk later said that the Fed’s interest rate decisions are “worrying”.
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